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Mar 21, 2013
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but that's tony sanchez, chairman and president of sanchez energy. stay with cramer. >>> we don't talk enough about execution around here. mother's milk of profits. yet, in the era where sectors are all the rage and etfs are the preferred method of trading them, the whole notion of long term individual company management performance gets lost in the shuffle. ♪ hallelujah then you get a couple of days where the great works of certain ceos just shine through. today's one of those days. just think about how many terrific ceos we heard from or read about today. think of how hard they're working for you if you own their stocks. we know that ken powell's delivering a level of performance at general mills that i find astounding. higher commodity prices, endless buy one get one for cereal and he gives you good earnings reports and endless buybacks. everything you ask for in a ceo. how about stewart miller at lennar? not easy to follow his dad, leonard, but his late father has to be smiling somewhere about what he's done in the toughest housing market since
but that's tony sanchez, chairman and president of sanchez energy. stay with cramer. >>> we don't talk enough about execution around here. mother's milk of profits. yet, in the era where sectors are all the rage and etfs are the preferred method of trading them, the whole notion of long term individual company management performance gets lost in the shuffle. ♪ hallelujah then you get a couple of days where the great works of certain ceos just shine through. today's one of those days....
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Mar 20, 2013
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but that's tony sanchez, chairman and president of sanchez energy. stay with cramer. . [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. balkans. balkans. >>> we don't talk enough about execution around here. yet, in the era where sectors are all the rage and etfs are the preferred method of trading them, the whole notion of long term individual company management performance gets lost in the shuffle. ♪ hallelujah >> then you get a couple of days where the great works of certai
but that's tony sanchez, chairman and president of sanchez energy. stay with cramer. . [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors...
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Mar 18, 2013
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anything exposed to the energy states, too. the big banks don't have a large concentration to those areas. they're well exposed, but they don't have a large concentration. >> would you put new money to work in this market right here? >> yeah. absolutely. bank of america is -- >> i mean the broader market given the fact that last week we were hitting record after record after record. >> without a doubt. i have not been this constructive, this bullish on the u.s. and equities in my career. >> meredith, good to have you on the program. thank you so much. meredith whitney joining us on banks and the market. >>> closed banks, protesters in the streets. the revolt in cyprus over ordinary depositors paying for the bailout is rocking the world and has people wondering if another eurozone country could be next. or, worse, could it happen here? exclusive reaction from john thain, head of cit group and former ceo of merrill lynch. also cit's turnaround from bankruptcy and whether it is up for sale. stick around for john thain. back in a m
anything exposed to the energy states, too. the big banks don't have a large concentration to those areas. they're well exposed, but they don't have a large concentration. >> would you put new money to work in this market right here? >> yeah. absolutely. bank of america is -- >> i mean the broader market given the fact that last week we were hitting record after record after record. >> without a doubt. i have not been this constructive, this bullish on the u.s. and...
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Mar 18, 2013
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will nationalize the energy? i don't think because they did something stupid, other than that, that it was approved by the ecb, i don't think in italy or spain or the united states certainly we should not be worried about it. >> i think the over all message is, greece will never restructure and greece restructured. we will never trigger a credit default swap. they triggered credit default swaps. the depositors will never be touched. depositors were touched. senior bondholders are never going to be touched. guess what, they're next. it's this european -- >> outlying small countries that have very, very little impact on the global situation. that has become true. >> but they are part of the european union and the you row zone. >> are we going to take money back from depositors in italy? >> you know this is cyprus making this decision. this is the big -- >> whoa. >> this is germany, this is france making this decision for cyprus. >> more germany than france, i would say, but, yes. >> i want to ask you, one of the re
will nationalize the energy? i don't think because they did something stupid, other than that, that it was approved by the ecb, i don't think in italy or spain or the united states certainly we should not be worried about it. >> i think the over all message is, greece will never restructure and greece restructured. we will never trigger a credit default swap. they triggered credit default swaps. the depositors will never be touched. depositors were touched. senior bondholders are never...
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Mar 26, 2013
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energy costs are through the roof with the obsession of renewables. our country is making the most strides against greenhouse gasses. we see hegemony in germany and say wasn't that why the euro was created to avoid old war wounds that lead to new ones? with the shock of cyprus and europeans washing over our market like it does 10:00, 11:00, we return to the america market like it does 10:00, 11:00, we return to the american stock market normalcy tomorrow. i have another way to look at it. those who shopped at walmart and costco before cyprus, i bet you're going to shop there now, especially with those free samples. those who bought kleenex and tylenol before the close -- forgive me. i bet they'll buy those goods tomorrow. for those who drink pepsi and coke will keep doing so despite the crushing of the russian oligarch-laundered money. i'm liking diet mountain dew. it's a little better tasting now. those who bank at bank of america and jpmorgan will be thrilled they do. europeans will join them after the cyprus debacle. europe never fails to hurt our
energy costs are through the roof with the obsession of renewables. our country is making the most strides against greenhouse gasses. we see hegemony in germany and say wasn't that why the euro was created to avoid old war wounds that lead to new ones? with the shock of cyprus and europeans washing over our market like it does 10:00, 11:00, we return to the america market like it does 10:00, 11:00, we return to the american stock market normalcy tomorrow. i have another way to look at it. those...
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Mar 20, 2013
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barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." i'm larry kudlow, in half hour, the situation in cyprus is on the edge of the abyss, if russia did not bail them out, their economy will implode and they will be forced out of the euro economy entirely. and senator kelly ayotte is looking to get a budget deal without more spending and taxes and i want to know if the so-called gop reforms are going to split the party in two or make it more inclusive. senators working against a needless missile to nowhere program that she will explain to us. ben bernanke is keeping his foot firmly on the qe gas pedal or did he? please take a listen. >> we are seeing improvement. i think one thing we would need is to make sure that it's not a temporary improvement. so, we have
barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." i'm larry kudlow, in half hour, the situation in cyprus is on the edge of the abyss, if russia did not...
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Mar 25, 2013
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about a year and a half ago you were touting the pipelines, i bought energy pt energy transfer and i know that fell out of favor with you, i bought it at 44 and it's about 48 now, and they just flat out bought out the other company. what do you think about it? >> that's exactly what i was hoping and i own it. it's a disappointing week for the charitable trust. they finally cleaned it up. that's what you wanted. and they are doing it right now. i just didn't get to the promised land with it, my bad. that was my bad. let's go to dan in idaho. please, dan? >> caller: jim, hello from idaho. >> nice, man. >> caller: i have to come out with a big go zags boo-yah. >> why not? >> caller: i'm a bit stifled by stifel financial. >> i'm bullish on the groove. i want to be a buyer. let's go to meryl in connecticut, hi, meryl. >> caller: love your show. >> thank you. >> caller: what i want to know is what's going on with blackstone, bx, it's been down every day this week. >> it's only up a dollar from its high, so let's not get too concerned about it. i think it is a buy right here. let's go to jo
about a year and a half ago you were touting the pipelines, i bought energy pt energy transfer and i know that fell out of favor with you, i bought it at 44 and it's about 48 now, and they just flat out bought out the other company. what do you think about it? >> that's exactly what i was hoping and i own it. it's a disappointing week for the charitable trust. they finally cleaned it up. that's what you wanted. and they are doing it right now. i just didn't get to the promised land with...
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Mar 26, 2013
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energy prices have been pretty well behaved. i think that will continue. wages, also. and i do think that we will see money coming into this economy. that will help to keep these trends going. and i think that will be a real gift. and i think cyprus was probably a gift to the u.s. treasury market, to help keep rates very low and attract save investors. >> and we welcome now tim leetch. cyprus to you is so yesterday. you're watching slovenia, right? >> that's right, bill. >> slovenia? >> slovenia. we're trying to look over the horizon, as opposed to yesterday. and when we see the banking pressure on countries like cyprus, we think about what's next. and what does this really mean for the stability of the banking structure in europe as a whole. and we're concerned, frankly. we haven't seen the structural repairment that the europeans have had to step up to do. and certainly, cyprus hasn't convinced anyone that the european leadership has their act together. >> so, yesterday, the sell-off was the fear, and this was inflamed by the dutch finance minister, that maybe the cy
energy prices have been pretty well behaved. i think that will continue. wages, also. and i do think that we will see money coming into this economy. that will help to keep these trends going. and i think that will be a real gift. and i think cyprus was probably a gift to the u.s. treasury market, to help keep rates very low and attract save investors. >> and we welcome now tim leetch. cyprus to you is so yesterday. you're watching slovenia, right? >> that's right, bill. >>...
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Mar 18, 2013
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first, check out our trip to one of america's most exciting energy finds in decades. >> the united states has a new frontier, the oil fields of north dakota. "mad money" has boots on the ground in the badlands to show you how homegrown innovation and technology have opened up one of our biggest oil discoveries. >> 11,000 people were going to hire in north america this year. >> this is all about north america. >>> and now, great moments in "mad money" history. >> price of oil here in the u.s. actually been in free fall. a mosquito bothering me the whole show. anyway, in this case i got him. >> great moments in "mad money" history. >>> and now it is time for a very special eighth anniversary lightning round. that's right. are you ready skee-daddy? let's go to glenn in virginia. glenn. >> caller: yeah, jim. partner with lp. >> prefer lng here because i think there could be financing. i like both companies. these are run by suky. les in wisconsin. >> caller: first-time caller. my wife thinks you need a new greeting contest or something. anyway, happy anniversary eight hour -- eight years we'v
first, check out our trip to one of america's most exciting energy finds in decades. >> the united states has a new frontier, the oil fields of north dakota. "mad money" has boots on the ground in the badlands to show you how homegrown innovation and technology have opened up one of our biggest oil discoveries. >> 11,000 people were going to hire in north america this year. >> this is all about north america. >>> and now, great moments in "mad...
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Mar 20, 2013
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>> energy-rich states aren't experiencing a wealth effect? florida's not experiencing a wealth effect? >> of course they are. >> no, they are experiencing a wealth effect. >> tell me what their unemployment rate is. >> what are you saying, pete, that there is no wealth effect? that when the stock market is going higher, people don't feel richer and they don't act -- >> real estate is a more important wealth -- >> but that's what the fed was counting on. they were counting on the wealth effect, because all they've done is create bubbles once again. you thought we had a bubble in '07? look what's happened now? look at manhattan real estate, look at san francisco real estate. look at collectibles. lack at all of the things that were bubbles in '07. we started the deleveraging process, it started to look out nicely, liquidation of debt, and now we're back to where we started. >> and of course bernanke was asked about the wealth effect. let me talk to steve liesman here. steve, he was asked about the effect of a bubble and whether or not there is
>> energy-rich states aren't experiencing a wealth effect? florida's not experiencing a wealth effect? >> of course they are. >> no, they are experiencing a wealth effect. >> tell me what their unemployment rate is. >> what are you saying, pete, that there is no wealth effect? that when the stock market is going higher, people don't feel richer and they don't act -- >> real estate is a more important wealth -- >> but that's what the fed was counting on....
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that the energy infrastructure story for the u.s. is very much in tact. dresser and trinity are two plays there, and those are stocks we've talked about throughout this year. and they're going to be the stocks we're talking about in december of this year still. >> maria, i agree you have to play -- >> go ahead. >> i agree that you want to be playing offense here, in the long-term. i mean, if you look at the trends in capital spending on the corporate sector, even though unemployment is still high, it has come down. hiring is occurring. and you are going to see -- you can't keep hiring people and not give them computers to work with. so i think that, eventually, capital spending is going to catch up with employment, and that's going to also be a driver. >> maria, you want to own your health care stocks, johnson and johnson, pfizer, abbott. and in that oil services industry, schlumberger, halliburton, and baker international. you cannot get to that shale gas nor shale oil. mexico cannot touch theirs. and you're going to see further reform in the energy sect
that the energy infrastructure story for the u.s. is very much in tact. dresser and trinity are two plays there, and those are stocks we've talked about throughout this year. and they're going to be the stocks we're talking about in december of this year still. >> maria, i agree you have to play -- >> go ahead. >> i agree that you want to be playing offense here, in the long-term. i mean, if you look at the trends in capital spending on the corporate sector, even though...
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Mar 22, 2013
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then there is sanchez energy. if there could be a more polar opposite stock to general mills, i can't think of it. this is one of the most speculative names in the stock market. the company paid a great deal of money to buy uncertain acres. we don't know how much oil is in it, but we love eagle ford prospects. we don't know if the acreage is good. if they have a hit, you have a huge winner, substantial appreciation. if they lose, this one is going down and maybe going down hard. this stock is not only not for the squeamish, it could be downright dangerous. sanchez is for younger people with their whole life ahead of them so they can lose their investment and have plenty of time to make it back. it's not for anyone else. i wish i had time to offer that kind of insight every night, but i don't. i do hope, however, that it helps you now understand what it means when i say something speculative versus another stock that epitomizes safety. two different animals, exact same zoo. stick with cramer. >> jim cramer, you're
then there is sanchez energy. if there could be a more polar opposite stock to general mills, i can't think of it. this is one of the most speculative names in the stock market. the company paid a great deal of money to buy uncertain acres. we don't know how much oil is in it, but we love eagle ford prospects. we don't know if the acreage is good. if they have a hit, you have a huge winner, substantial appreciation. if they lose, this one is going down and maybe going down hard. this stock is...
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Mar 21, 2013
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. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> >>> welcome back to "the kudlow report." i'm larry kudlow. stocks may have dropped today but we've still got even more good news on the economy. now does that mean bern bernanke is going take his foot off the gas pedal sooner rather than later? that might be what's rather bothering stock investors. and where is the new jack kemp now that we need him? a republican who related to everyone with an optimistic but simple message of economic growth for all, we will ask lar larry sabateau in just a few minutes. >> a tax is a tax is a tax. if you tax something more, you get less of it. piling on new taxes is always bad for economic growth period. and yet out of washington comes yet another proposal for another tax. this one known as the marketplace fairness act but it is just a national in
. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> >>> welcome back to "the kudlow report." i'm larry kudlow. stocks may have dropped today but we've still got even more good news on the economy. now does that mean...
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Mar 18, 2013
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other names in the green, best buy as well as consol energy. laggards, helmeritch & paine. and finally. in the nasdaq. intuitive surgical. analysts saying upside potential outweighs downside risk over the next month months. back to you. >> thanks, josh. >>> we're heading toward the close. about 50 minutes left here. let's see if the markets will turn positive and finish that way for the day. right now the dow is down 23 points zblrjts coming up, we talk with former treasury secretary larry summers. he'll tell us what's worrying him about the bailout in cyprus. >>> the dogs of the dow strategy worked again, so far. last year's worst performer is its best now. hewlett-packard helping the dow weather the storm from europe. get this. the once beleaguered stock is this year's best performer. up 60% just this year. we'll talk about whether hp can stay red hot coming up. >>> noted banking analyst meredith whitney sees a tremendous buying opportunity in one big bank. we'll want to talk about bank of america, jpmorgan. which one does she like? stick around to find out when we speak
other names in the green, best buy as well as consol energy. laggards, helmeritch & paine. and finally. in the nasdaq. intuitive surgical. analysts saying upside potential outweighs downside risk over the next month months. back to you. >> thanks, josh. >>> we're heading toward the close. about 50 minutes left here. let's see if the markets will turn positive and finish that way for the day. right now the dow is down 23 points zblrjts coming up, we talk with former treasury...
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Mar 22, 2013
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i'd still also point out the other areas, energy and pharmaceuticals. narm suitcles, that's a section that's going to continue to go to the upside because those looking for a little more of the safety side, they're going to get that dividend yield but look at energy. we talked earlier in the week, where have we seen so much activity, integrated names and the refiners. there's still plenty of room in the upside in the refiners. look how well delta was yesterday with richard anderson talking about that buy of the refiners. he absolutely stole that for 160 million bucks. >> doc? >> well, to that point about the airlines, six-year high for the airline index, and it's going to go higher, folks. is it due for a pit bit of a pu back? perhaps so. yesterday we were talking about whether the read through in fed ex and oracle and cintas was the consumers or businesses were out? i said, no, they're just trading down. nike brought that home in spades. so you take a look at what nike did. it was western europe, eastern europe, north american sales up 18%. that doesn'
i'd still also point out the other areas, energy and pharmaceuticals. narm suitcles, that's a section that's going to continue to go to the upside because those looking for a little more of the safety side, they're going to get that dividend yield but look at energy. we talked earlier in the week, where have we seen so much activity, integrated names and the refiners. there's still plenty of room in the upside in the refiners. look how well delta was yesterday with richard anderson talking...
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Mar 22, 2013
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he's in moscow and they're going to sign a whole host of energy deals. russia is looking to boost those relationships. when asked whether they were going to add assistance to the cypriots they said this is an issue for brussels. it's an issue for cypress and the eu. i thought that was quite extraordinary given the stance they made earlier in the week about wanting to be involved. i think their bluff has been called certainly. and what i think was really the key, it was not that the russians had anything to help in a meaningful way but i wanted to be included in debates. as we all know the russian interests in cyprus are absolutely enormous. >> steve, thank you. sounds like a big game of chicken. we'll watch how things play out into monday. by the way, it is friday. it's time to talk the friday trade. oil and currencies. kevin kerr is president of kerr trading financial. and brown brothers hair man. mark, have you been surprised? >> i'm surprised just by the euro's resilience. people were thinking there could be a run on european banks which hasn't taken
he's in moscow and they're going to sign a whole host of energy deals. russia is looking to boost those relationships. when asked whether they were going to add assistance to the cypriots they said this is an issue for brussels. it's an issue for cypress and the eu. i thought that was quite extraordinary given the stance they made earlier in the week about wanting to be involved. i think their bluff has been called certainly. and what i think was really the key, it was not that the russians had...
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play into the idea they've got to move this energy. norfolk southern. this is cheap. it's going a lot higher. >> i'm melissa lee. thank you so much for watching. see you tomorrow at 9:00 a.m. for "squawk on the street," back at 5:00 with more "fast money." meantime don't go anywhere. "mad money" with the one and only jim cramer starts now. >> i'm jim >> i'm jim cramer and welcome to my world. >> you need to get in the game! >> firms are going to go out of business and they're nuts! he's nuts! they know nothing! >> i always like to say there's a bull market somewhere. >> mad money." you can't afford to miss it. i'm just trying to save you money. call me at 800-743-cnbc. it didn't kill us after all. turns out the cyprus mess was used as just one more buying opportunity for the voracious seekers. >> buy, buy, buy! >> of exposure to our stock markets. the drou dropping 62 points. the nasdaq slipping slipping merely .35% despite dire predictions last night about where we were heading and at one time we were up before profit taking at end of the day. hardly a rendezvous wit
play into the idea they've got to move this energy. norfolk southern. this is cheap. it's going a lot higher. >> i'm melissa lee. thank you so much for watching. see you tomorrow at 9:00 a.m. for "squawk on the street," back at 5:00 with more "fast money." meantime don't go anywhere. "mad money" with the one and only jim cramer starts now. >> i'm jim >> i'm jim cramer and welcome to my world. >> you need to get in the game! >> firms...
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Mar 25, 2013
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but, really, the energy for the most part has been to the downside. as you can see, the volatility continues to remain very low. and, again, across the board, we're not seeing major breaks or breakouts, if you will, from upper lower levels of support and resistance. you look at the gold market right now, holding and very comfortable around that 1600 level. and you look at the currencies, the euro currency specifically holding around that 130 level. even amid all the uncertainty and concern. >> ben, good to see you. have a good day. the start of a you in week, ben lichtenstein, head of tradersaudio.com. >>> that's it right now from "worldwide exchange." i'm ross westgate. coming up next, "squawk box" with the countdown to the opening of trade state stooid. whatever happens, we hope you have a profitable day. buy bye for now. [ male announcer ] just when you thought you had experienced performance a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. thi
but, really, the energy for the most part has been to the downside. as you can see, the volatility continues to remain very low. and, again, across the board, we're not seeing major breaks or breakouts, if you will, from upper lower levels of support and resistance. you look at the gold market right now, holding and very comfortable around that 1600 level. and you look at the currencies, the euro currency specifically holding around that 130 level. even amid all the uncertainty and concern....
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Mar 22, 2013
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obstacle for achieving progress in the issues that we've discussed here from trade, investment, to energy, to mobility? i don't think it is. >> mr. barosso is, of course, the president of the european commission and the easy-going guy standing to his left, your right, is prime minister medved medveded. we'll talk about another country over there as we have michelle still waiting for us and simon down at the exchange. slovenia. see if you can pick slovenia off the map. if it flew under the radar screen, they became a member back in 2004 in the 2007 eurozone so it's a full-paying member, playing member. they have 7 billion worth of euro bad loans on the book, 20% of the country's gdp and they are looking at a june bond offering. one jer began economist as commerce bank, always looking on the bright said, said slovenia is likely to seam seek a refuge under the bailout umbrella sometime the second half of this year. i'mon, nobody real has their eye on sloefn yeah, but it does increasingly feel like we're looking at dominoes that one falls after another. >> yeah, can you see it like that or yo
obstacle for achieving progress in the issues that we've discussed here from trade, investment, to energy, to mobility? i don't think it is. >> mr. barosso is, of course, the president of the european commission and the easy-going guy standing to his left, your right, is prime minister medved medveded. we'll talk about another country over there as we have michelle still waiting for us and simon down at the exchange. slovenia. see if you can pick slovenia off the map. if it flew under the...
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Mar 21, 2013
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both bloomberg and telegraph reporting that energy drinks may boost blood pressure and lead to an erratic heartbeat. those were findings presented at the american heart association, in new orleans. the fda has been investigating drinks made by companies, including monster beverage and red bull. maria, back to you. >> all right, thank you so much, josh. >>> flat and nervous, that's how my next guest describes the u.s. market today. dennis gartman is founder, editor, and publisher of the gartman letter. he joins us right now with more. good to see you, dennis. >> maria, good to have me on. nice to be here, especially following jim grant. >> today wasn't flat, the market was down 90 points on the dow, but it was certainly nervous. what would you say about today's market average and what does it tell us as far as what's ahead? >> i think what we're seeing is a continuation of problems emanating from cyprus. i'm one of those problems who believes that the cyprus circumstance is a good deal more serious than most people are giving it attention to. over the course of the last week, we're down, w
both bloomberg and telegraph reporting that energy drinks may boost blood pressure and lead to an erratic heartbeat. those were findings presented at the american heart association, in new orleans. the fda has been investigating drinks made by companies, including monster beverage and red bull. maria, back to you. >> all right, thank you so much, josh. >>> flat and nervous, that's how my next guest describes the u.s. market today. dennis gartman is founder, editor, and publisher...
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Mar 26, 2013
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the energy states are doing the best because they had a solid foundation in the overall economy for several years now. those states that took the biggest dive, like california and florida and nevada, are still struggling to come back. >> what sort of -- what are you predicting in terms of total housing starts this year and how will it compare to 2012? >> well, we should get about the same gain this year as we had last year. we had about a 25% increase in total production in '12 and i'm expecting roughly the same percentage increase in '13. that should bring us by the end of the year that should bring us over a million units per year. >> okay. and compare that to -- i -- wa a normal mark up should be. and i don't know what a normal market should be because, obviously, we had a boom before the bust. so how does that compare to what you think the normal should be? >> we're still about two-thirds of the way back to normal. a normal market should be about 1.7 million houses a year. that's the underlying demographic demand. we went as high as 2.2 million at the boom. but that was more than we nee
the energy states are doing the best because they had a solid foundation in the overall economy for several years now. those states that took the biggest dive, like california and florida and nevada, are still struggling to come back. >> what sort of -- what are you predicting in terms of total housing starts this year and how will it compare to 2012? >> well, we should get about the same gain this year as we had last year. we had about a 25% increase in total production in '12 and...
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which part of the energy do you like right sno. >> we're neutral on energy. but the areas are the oil field services. we're getting toward the later stages of the economic cycle, and that's usually when you see a tightening of the oil markets and need to ramp up activity. if you look at budgets of the super major oil companies, that is what you are seeing. we're seeing a pickup in capital spending. if you look internationally, that's really the best opportunity. >> all right. 're going to leave it there. patrick and david, thank you for joining us. have a great weekend. >> thank you. >>> let's turn to europe, that is the big question mark over the weekend. the cypriot finance minister flying home after two days of waste talks. leaders are scrambling to attempt to strike a deal with the european union by next week. michelle is live from the capital of cyprus. from outside the country, we read that they're furious they haven't been speaking for so many days. similarly many of the suggestions coming from the greek government, nationalizing the pension system of
which part of the energy do you like right sno. >> we're neutral on energy. but the areas are the oil field services. we're getting toward the later stages of the economic cycle, and that's usually when you see a tightening of the oil markets and need to ramp up activity. if you look at budgets of the super major oil companies, that is what you are seeing. we're seeing a pickup in capital spending. if you look internationally, that's really the best opportunity. >> all right. 're...
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he does energy stuff. we were saying the find of natural gas, the buys and finds, the largest in the world -- noble, nbl, and cyprus, they own it. this is perhaps the way europe can end the chokehold of a russian natural gas pipes that can be shut down. is this europe? say, i'm going to give you a little geopolitical thing here. >> i love it when you wax geopolitical. >> you like that? this is central europe saying, you know what, russia? we're done with you. we'll take the natural gas and shut you down and the russians i think want this natural gas. i think at the end if it goes to the russians, then that's what this was really about, russia versus the west. is like nato! what are you like nodding. are you like faber? whatever i say, faber's like -- >> whoever sits in that chair just looks as you with a smirk on that face physically. >> i will say it could be gaza g gazaga, duke, louisville -- he'll be -- >> possibly. possibly. >> famous faberism. >> you look askance, you put your arms -- >> channel my in
he does energy stuff. we were saying the find of natural gas, the buys and finds, the largest in the world -- noble, nbl, and cyprus, they own it. this is perhaps the way europe can end the chokehold of a russian natural gas pipes that can be shut down. is this europe? say, i'm going to give you a little geopolitical thing here. >> i love it when you wax geopolitical. >> you like that? this is central europe saying, you know what, russia? we're done with you. we'll take the natural...
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there's energy, you see crude is around $94 or so. it seems like it's been anywhere between $90 and $95 for months and months. steve liesman joins us on set with a special guest. who do you have? >> i have krzysztchri christofft et means for global prices and economics. let's go piece by piece. let's talk about demand and supply, which is on its own track, and what happens to supply. how much oil is going to be produced here in the united states over the next few years? >> it is going to be big. it is big already. if you look back five or six years, the u.s. imported more than 12 million barrels per day. last year, they were down to 7.5. this year, it's probably down another million. so that is fallen by half in five or six years. most of that is domestic production. a little bit of biofuels. >> explain what tight oil is. >> we had shale gas, and hot on the heels of the shale gas revolution comes tight oil. >> embedded in the rock where the gas is and they call it tidal part because it's hard to extract. >> so you go in with horizonta
there's energy, you see crude is around $94 or so. it seems like it's been anywhere between $90 and $95 for months and months. steve liesman joins us on set with a special guest. who do you have? >> i have krzysztchri christofft et means for global prices and economics. let's go piece by piece. let's talk about demand and supply, which is on its own track, and what happens to supply. how much oil is going to be produced here in the united states over the next few years? >> it is...
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in europe, watch for deals in financial services and energy. and in china, watch for deals in manufacturing. here's two other things to think about. everybody here thinks that the mega lbo, the big leverage buyout, they say it's back. and more importantly, given all the cash that's on balance sheets, 70% of transactions they are arguing are going to happen in cash. which is a big distinction from where we have been before. we will see where it all pans out. we have mark schaeffer from citigroup this hour. and skadden's eileen nugent. and wendell pierce. he owns a grocery store down in new orleans. but you know him from "the wire." i'm going to continue finishing my hand grenade. and i'll see you guys -- >> hair of the dog. >> and i'll be reviewing the morals contract. >> i looked up some of the -- i'm worried. it covers just about everything, andrew. if you did anything last night, just keep it quiet. >> andrew? >> yeah. throwing away the key there. >> he has no dollar bills. gone. completely. that's after getting a couple hundreds changed. >>
in europe, watch for deals in financial services and energy. and in china, watch for deals in manufacturing. here's two other things to think about. everybody here thinks that the mega lbo, the big leverage buyout, they say it's back. and more importantly, given all the cash that's on balance sheets, 70% of transactions they are arguing are going to happen in cash. which is a big distinction from where we have been before. we will see where it all pans out. we have mark schaeffer from citigroup...
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Mar 25, 2013
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the path of despair, that's one more tax paying productive member of society who may discover a new energy source. so we need to think of ways to invest in them early. that's why we put in reading rooms and all these places to get them interested in reading because we have a 30% high school dropout rate in this country, and this is the information age, the age of technology. there is no way we can afford to lose 30% of our individuals. so we, those of us who are doing well, those of us in the business community need to recognize that those people become a drag on our society. so we really should be willing to invest some resources in helping them early on. it makes a big difference. >> so i know you've been very critical of obama care, and i want to talk about your biblically based flat tax, which i just love, but at the end of the day, are you really saying it's really education, education, education, right at the beginning of the child's life? >> on an individual basis, education makes the biggest difference of anything. certainly, in my case, and in many other cases that i know of, peop
the path of despair, that's one more tax paying productive member of society who may discover a new energy source. so we need to think of ways to invest in them early. that's why we put in reading rooms and all these places to get them interested in reading because we have a 30% high school dropout rate in this country, and this is the information age, the age of technology. there is no way we can afford to lose 30% of our individuals. so we, those of us who are doing well, those of us in the...
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let's check out the latest moves in energy. >> there say lot of momentum here in the energy market and we're looking at brent crude prices that have risen from a three-month low and it looks like the gains that we're seeing in the oil market are mirroring what they're seeing in terms of the rebound in the euro and what we're seeing in the equity markets as well. the cyprus fears seemed to ease quite a bit. we'll continue to watch what will happen in the u.s. supply front when we do get the eia report on inventories out at 10:30 eastern time and we're also watching what's happening in the gold market because that will be susceptible to whatever move the fed will make and many traders anticipating to keep doing what they're doing and gold holding steady here and still above the 1600 level. the key, of course, will be breaking above the 1610 for the settlement and they keep saying that is what is needed to give the bulls the momentum to take gold prices much higher. back to you! sharon epperson for us. a technology company is making its wall street debut today. we're waiting for model n t
let's check out the latest moves in energy. >> there say lot of momentum here in the energy market and we're looking at brent crude prices that have risen from a three-month low and it looks like the gains that we're seeing in the oil market are mirroring what they're seeing in terms of the rebound in the euro and what we're seeing in the equity markets as well. the cyprus fears seemed to ease quite a bit. we'll continue to watch what will happen in the u.s. supply front when we do get...
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oil price lead the gains in the energy sector. we're also seeing this spread between brent and wti evaporating quickly and a lot of traders continuing to point to u.s. shale production and continuing exports from canada as a reason for this, adding to the fact that it's 100 bucks and that's reasonable for the price of oil and that's why brent may be capping some of the gains that we're seeing in that market and that's what they're saying. we're also looking at the gold price which has come off $10 or so and the fact that it's below 1600 an ounce and that has to do a bit with cyprus and there was rotation back into the riskier assets as we look at stabilizing in that area and also keep your eye on the copper price because there's plenty of supply of copper and once again, the durable goods are orders and that's what traders are talking about for some of the stability that we're seeing back in the copper market after it's been under so much pressure. >> back to you, melissa. >> thank you very much, sharon epperson. >> what's america
oil price lead the gains in the energy sector. we're also seeing this spread between brent and wti evaporating quickly and a lot of traders continuing to point to u.s. shale production and continuing exports from canada as a reason for this, adding to the fact that it's 100 bucks and that's reasonable for the price of oil and that's why brent may be capping some of the gains that we're seeing in that market and that's what they're saying. we're also looking at the gold price which has come off...
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housing, energy, resurgence of were manufacturing. money is -- people are bringing me stuff back from china and mexico. we're undergoing a tremendous renaissance. longer term we have these big issues. over the short-term, there's six things. a bear market checklist. i don't see them. are valuations stretched? no. is there investor euphoria present? no. is a recession looming? no. are bond yield spreads widening? so 0 for 6 right now. >> you report to fleming? >> yes. the greatest boss i've ever had. >> you know who you will be working for soon? kleminsky. >> my new best friend. >> he's a little more grizzled. >> that's a good word. >> what is your area of expertise? you have to bring it to equities if you can a little bit. >> yeah. >> or at least the world in general. >> you look at the economic environment and what types of risks do you want to own in that economic environment. and you have to look at fiscal policy and monetary policy in the same way. the last five years every investor has been worried about their cash because they h
housing, energy, resurgence of were manufacturing. money is -- people are bringing me stuff back from china and mexico. we're undergoing a tremendous renaissance. longer term we have these big issues. over the short-term, there's six things. a bear market checklist. i don't see them. are valuations stretched? no. is there investor euphoria present? no. is a recession looming? no. are bond yield spreads widening? so 0 for 6 right now. >> you report to fleming? >> yes. the greatest...
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and checking oil praoeusdz at clearview energy. our guest host. hey, guys. even, shroets tart with you on oil. does that matter to you? i know there's an outstanding issue about russia cyprus and what was going to happen there. >> it will go to where it was before it hit. we're not growing command as fast her than before. they keep producing and becoming more taeurbgt at the same time. it's risk on aftermath. not part of the raging bull you have seen before. >> do we care about the weather, the snow? >> sure. it's a great trade on a snowy day in new york. you with don't see that you would have had in a couple of years. >> what do you think about some of the economic data has been almost uniformly better than expecting. >> fedex's earnings. >> i think they were blaming traffic and asia-pacific for that shortfall. i wouldn't read too much into that. i would be looking at the five-year low and unemployment claims we have. two weeks ago the five-year hold and the fact that the dow skwroepbls then it moves five. and housing is very strong. and the banking system
and checking oil praoeusdz at clearview energy. our guest host. hey, guys. even, shroets tart with you on oil. does that matter to you? i know there's an outstanding issue about russia cyprus and what was going to happen there. >> it will go to where it was before it hit. we're not growing command as fast her than before. they keep producing and becoming more taeurbgt at the same time. it's risk on aftermath. not part of the raging bull you have seen before. >> do we care about the...
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we're also keeping an eye on the energy benchmarks as well. keep your eye on gasoline and heating oil. they are drifting oil and they are the leaders that are the downturn in the energy market. that is really the leader here. zbr thank you very much, sharon epperson. liberty media is acquiring them for a cool $2.5 million. they are buying from three of the private equity holders. we are joined by greg of liberty media's president and ceo. a cnbc exclusive. greg, it's a pleasure to have you with us. >> thank you for having me. >> why now? how does this fit into your portfolio? >> well, i think you noted it's rare when you have an opportunity to have the influence that liberty will like to have secondly, we've always been believers in the cable industry as a group. our sister company is the largest cable company outside the united states. and lastly, we see the opportunity with sustainable cash flows. a subscription business, finance at attractive rates as being an opportunity for liberty shareholders now. >> that's exactly the kind of company y
we're also keeping an eye on the energy benchmarks as well. keep your eye on gasoline and heating oil. they are drifting oil and they are the leaders that are the downturn in the energy market. that is really the leader here. zbr thank you very much, sharon epperson. liberty media is acquiring them for a cool $2.5 million. they are buying from three of the private equity holders. we are joined by greg of liberty media's president and ceo. a cnbc exclusive. greg, it's a pleasure to have you with...
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let's go to check on energy and commodities. sharon epperson at the nymex. >> definitely. that's what where the safe haven bid is. gold prices up 1700 an ounce. we got as high as 1610 an ounce. they say that is the number gold needs to close above to sustain any upward momentum here. we're still looking at $11 gain or so in the gold price. we're also keeping an eye on what's happening in other metals because copper, it's a far different story. copper continues to be one of the worst performing commodities of the day, considering what has happened to the dollar. that's a major factor there. we're already seeing concerns there in terms of short positions in the marketplace as well. according to the latest cfpc report. also watching natural gas because it's been a strong out-performer for the better part of the week. it continues to be a gainer but off of the highs of the session. there are some saying that now is the time to take profits in natural gas after this tremendous upturn we have seen in that commodity just in the last week. it's up about 30 cents or so just in one
let's go to check on energy and commodities. sharon epperson at the nymex. >> definitely. that's what where the safe haven bid is. gold prices up 1700 an ounce. we got as high as 1610 an ounce. they say that is the number gold needs to close above to sustain any upward momentum here. we're still looking at $11 gain or so in the gold price. we're also keeping an eye on what's happening in other metals because copper, it's a far different story. copper continues to be one of the worst...
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cyprus has offshore energy reserves which you will be able to exploit. that's an asset. >> that's what russia is -- what i understand is happening in negotiations is that's what they're asking for. they want access to that. >> come up with a deal quietly. that is the essence of no matter what esb does it's impossible to get europe growing economically because we make decisions that don't make sense. >> did you see how -- where was sedgwick? was he is russia? we had them arguing. we can do cool stuff. satellite stuff. there was some overlap. it's not easy to do that. now we'll go to kelly evans who i never talk to about whether you went to paris. i don't want to digress. you were thinking about that. did you take the plunge? >> joe, i go this weekend. yes. i'll report back monday and let you know what i think. i haven't been. i'll let you know. in the meantime, i just want to go back to the point about who was in the room thinking this would be a good idea to tax deposits in cyprus. it's actually the cypriots themselves here. they have a $2.5 billion loan
cyprus has offshore energy reserves which you will be able to exploit. that's an asset. >> that's what russia is -- what i understand is happening in negotiations is that's what they're asking for. they want access to that. >> come up with a deal quietly. that is the essence of no matter what esb does it's impossible to get europe growing economically because we make decisions that don't make sense. >> did you see how -- where was sedgwick? was he is russia? we had them...
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. >> we're watching the energy complex and it is higher after the deal between cyprus and the e kwushgs regarding its bailout and that is driving momentum in the crude trade. it's about the highest level that we've seen it in a month. meantime, the metals complex are mixed this morning and we're seeing the weaker euro pushing gold under $1600 an ounce. seeing that rotation out of safety back into the riskier assets and that's not surprising traders down here, but also might see some extra volatility in gold today as it is options expiration. melissa, back over to you. >> thank you, jackie deangelis. a crisis in the country averted, and the s&p 500 sitting tantalizingly close to new highs. jason tanerd will join us after the break. as we take a look at the s&p 500 over the past year and what a run we've had. stay tuned. name and not a numb? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trad
. >> we're watching the energy complex and it is higher after the deal between cyprus and the e kwushgs regarding its bailout and that is driving momentum in the crude trade. it's about the highest level that we've seen it in a month. meantime, the metals complex are mixed this morning and we're seeing the weaker euro pushing gold under $1600 an ounce. seeing that rotation out of safety back into the riskier assets and that's not surprising traders down here, but also might see some extra...